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In a week marked by fluctuations, the benchmark indices, Sensex and Nifty, managed to recover from earlier losses, concluding the week with marginal gains. ....
On Monday, 2452 stocks advanced, 1336 declined and 200 remained unchanged, with an advance decline ratio of 1.83 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. ....
Bharti Airtel and Vodafone Idea have both agreed to sell their stakes in FireFly Networks, a WiFi infrastructure provider, to Singapore-based Manipura Digital Infrastructure OPCO Pte. Ltd. for a total of Rs 12.1 crore. Airtel and Vodafone Idea will each receive Rs 6.05 crore for their stakes. This move ends the joint venture initiated in 2014, with the transaction set to finalize within 45 days of the agreement signing ....
Both Vodafone Idea and Airtel are expected to continue to be customers of FireFly after divesting their respective stakes. The new owners are expected to invest up to $100 million in the company after the deal closes. ....
FireFly Networks operates as a technology-neutral company, offering an aggregated network infrastructure that can be shared by various telecom operators and internet service providers, , airtel, Vodafone Idea (VIL), FireFly Networks ....